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Employees Provident Fund Organisation: 8.75% Interest for future PF
Posted on: 27/Aug/2014 4:08:30 PM
EPFO (Employees Provident Fund Organization) has announced the interest rates fixed for the current year. As per this, the interest rate of 8.75% which was adapted last year will continue for this year also.
This decision was made during the recent meeting of EPFO department at Delhi.
There are around 4 crore employees for whom 12% of their salaries are taken as Provident Fund. The employing companies pay an equivalent amount. This fund is managed by EPFO which fixes the annual interest rates.
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